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Evirobie

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- EvirobieEvirobie
  ·2022-09-19
  $Bilibili Inc.(BILI)$Going back up?
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- EvirobieEvirobie
  ·2022-09-05
  $AMC Entertainment(AMC)$up and up~~~
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- EvirobieEvirobie
  ·2022-08-04
  $Coinbase Global, Inc.(COIN)$Up up and away.
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- EvirobieEvirobie
  ·2022-07-22
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  QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs
  How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.
  QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs
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- EvirobieEvirobie
  ·2022-07-22
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  QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs
  How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.
  QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs
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- EvirobieEvirobie
  ·2022-07-17
  $Apple(AAPL)$Up up and away.
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- EvirobieEvirobie
  ·2022-07-14
  $Amazon.com(AMZN)$Waiting for a chance to in more.
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- EvirobieEvirobie
  ·2022-07-12
  $NIO Inc.(NIO)$What goes up, have to come down.
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- EvirobieEvirobie
  ·2022-07-07
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  Why a Rally in Growth Stocks Could Signal "Peak" Fed Hawkishness Has Passed
  If tech can sustain outperformance that will mean the market thinks the Fed has passed 'peak hawkish
  Why a Rally in Growth Stocks Could Signal "Peak" Fed Hawkishness Has Passed
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- EvirobieEvirobie
  ·2022-07-07
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  Is Nvidia Really A Bargain Or Is There More Pain Ahead?
  SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by le
  Is Nvidia Really A Bargain Or Is There More Pain Ahead?
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href=\"https://ttm.financial/S/BILI\">$Bilibili Inc.(BILI)$</a><v-v data-views=\"1\"></v-v>Going back up?","listText":"<a href=\"https://ttm.financial/S/BILI\">$Bilibili Inc.(BILI)$</a><v-v data-views=\"1\"></v-v>Going back up?","text":"$Bilibili Inc.(BILI)$Going back up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910824839","isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931969671,"gmtCreate":1662384428494,"gmtModify":1676537049410,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a><v-v data-views=\"1\"></v-v>up and up~~~","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a><v-v data-views=\"1\"></v-v>up and up~~~","text":"$AMC Entertainment(AMC)$up and up~~~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931969671","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902981284,"gmtCreate":1659627013550,"gmtModify":1706000361103,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a><v-v data-views=\"1\"></v-v>Up up and away.","listText":"<a 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16:25","market":"us","language":"en","title":"QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1149295629","media":"thestreet.","summary":"How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.","content":"<html><head></head><body><p>The Nasdaq was become synonymous with the tech sector, although that comparison isn&#39;t entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it&#39;s safe to say that this is one to consider if you&#39;re a risk seeker.</p><p>If you&#39;re looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the <b>Invesco QQQ ETF (QQQ)</b>, the <b>Invesco Nasdaq 100 ETF (QQQM)</b> and the <b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b>.</p><p>QQQ is the big one that everybody is familiar with. It&#39;s currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn&#39;t focused on the S&amp;P 500 or total U.S. stock market.</p><p>QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they&#39;re both the same? We&#39;ll get to that in a minute.</p><p>QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.</p><p>How should an investor decide between QQQ, QQQM and QQQJ? Let&#39;s break down each of them one by one.</p><p><b>Invesco QQQ ETF (QQQ)</b></p><p>QQQ tracks the Nasdaq 100 index. It&#39;s been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219e726ef5be4b35e0e31aae57497599\" tg-width=\"1093\" tg-height=\"554\" referrerpolicy=\"no-referrer\"/><span>Invesco QQQ ETF (QQQ) Profile</span></p><p>I won&#39;t spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it&#39;s relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.</p><p>Keep that in mind as we take a look at the next ETF on the list.</p><p><b>Invesco Nasdaq 100 ETF (QQQM)</b></p><p>QQQM also tracks the Nasdaq 100 index.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f741ce0e7dbf24ef416656d1dc5f97a\" tg-width=\"1091\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq 100 ETF (QQQM) Profile</span></p><p>If you just did a double-take reading that last sentence, yes, you&#39;re reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There&#39;s no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.</p><p>So, what&#39;s the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.</p><p>You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn&#39;t it just lower the expense ratio on QQQ? It&#39;s a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it&#39;s already the 5th largest ETF around even with the higher expense ratio?</p><p>Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.</p><p>If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.</p><p>The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.</p><p>QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/727505633b58d73a8cadf935bc750c0b\" tg-width=\"444\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Trading Spreads</span></p><p>The &#34;average spread&#34; column is the one we want to look at. The spread on QQQ is virtually nothing because it&#39;s so large. QQQM&#39;s spread, while larger, is still just 2 basis points. It&#39;s not nothing, but it&#39;s still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.</p><p>From a total cost of ownership perspective, QQQM edges out QQQ.</p><p>That doesn&#39;t mean QQQ can&#39;t still be useful. If you&#39;re trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you&#39;d be talking a huge block of shares. For most retail investors, it will be a non-issue. If you&#39;re a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.</p><p>QQQJ, however, is a whole different story.</p><p><b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b></p><p>QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abebf8cdb3f7f17d52effc3483ebdc85\" tg-width=\"1092\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq Next Gen 100 ETF (QQQJ) Profile</span></p><p>The idea behind buying QQQJ would involve the same logic for why you&#39;d be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.</p><p>History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&amp;D spending that those of the Nasdaq 100, according to Invesco research.</p><p>Obviously, there&#39;s no overlap between QQQ and QQQJ, but investors should know that they&#39;re getting substantially similar sector exposure (with one notable exception, which I&#39;ll get into in a moment). Because QQQJ is less than 2 years old, we don&#39;t have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.</p><p><b>QQQ vs. QQQJ Asset Allocation</b></p><p>Both ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.</p><p>As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09389c158258b0176e571b36630c4c5f\" tg-width=\"805\" tg-height=\"406\" referrerpolicy=\"no-referrer\"/><span>QQQ Asset Allocation</span></p><p>Those three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund&#39;s overall allocation compared to just over 6% in QQQ.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b56e3aa118cdcf7f7ef3ac5af8d6248\" tg-width=\"804\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/><span>QQQJ Asset Allocation</span></p><p>Outside of an 9% weighting to industrials, there&#39;s virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.</p><p><b>Conclusion</b></p><p>So, what are our investment choices overall?</p><p>QQQJ is obviously a different product than the other two, so we can consider that separately. It&#39;s more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it&#39;s a nice way to be invested in the emerging up-and-comers.</p><p>QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you&#39;re going to use it for.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e53d4385f3fef5f2017a97962348a9b\" tg-width=\"721\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Expense Ratios</span></p><p>If you&#39;re a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you&#39;re going to be in and out relatively quickly, it&#39;s better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.</p><p>Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won&#39;t be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.</p><p>Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs><strong>thestreet.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq ...</p>\n\n<a href=\"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","QQQM":"Invesco NASDAQ 100 ETF","QQQJ":"Invesco NASDAQ Next Gen 100 ETF"},"source_url":"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149295629","content_text":"The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it's safe to say that this is one to consider if you're a risk seeker.If you're looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the Invesco QQQ ETF (QQQ), the Invesco Nasdaq 100 ETF (QQQM) and the Invesco Nasdaq Next Gen 100 ETF (QQQJ).QQQ is the big one that everybody is familiar with. It's currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn't focused on the S&P 500 or total U.S. stock market.QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they're both the same? We'll get to that in a minute.QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.Invesco QQQ ETF (QQQ)QQQ tracks the Nasdaq 100 index. It's been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.Invesco QQQ ETF (QQQ) ProfileI won't spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it's relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.Keep that in mind as we take a look at the next ETF on the list.Invesco Nasdaq 100 ETF (QQQM)QQQM also tracks the Nasdaq 100 index.Invesco Nasdaq 100 ETF (QQQM) ProfileIf you just did a double-take reading that last sentence, yes, you're reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There's no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.So, what's the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn't it just lower the expense ratio on QQQ? It's a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it's already the 5th largest ETF around even with the higher expense ratio?Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.QQQ vs. QQQM vs. QQQJ Trading SpreadsThe \"average spread\" column is the one we want to look at. The spread on QQQ is virtually nothing because it's so large. QQQM's spread, while larger, is still just 2 basis points. It's not nothing, but it's still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.From a total cost of ownership perspective, QQQM edges out QQQ.That doesn't mean QQQ can't still be useful. If you're trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you'd be talking a huge block of shares. For most retail investors, it will be a non-issue. If you're a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.QQQJ, however, is a whole different story.Invesco Nasdaq Next Gen 100 ETF (QQQJ)QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.Invesco Nasdaq Next Gen 100 ETF (QQQJ) ProfileThe idea behind buying QQQJ would involve the same logic for why you'd be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&D spending that those of the Nasdaq 100, according to Invesco research.Obviously, there's no overlap between QQQ and QQQJ, but investors should know that they're getting substantially similar sector exposure (with one notable exception, which I'll get into in a moment). Because QQQJ is less than 2 years old, we don't have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.QQQ vs. QQQJ Asset AllocationBoth ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.QQQ Asset AllocationThose three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund's overall allocation compared to just over 6% in QQQ.QQQJ Asset AllocationOutside of an 9% weighting to industrials, there's virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.ConclusionSo, what are our investment choices overall?QQQJ is obviously a different product than the other two, so we can consider that separately. It's more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it's a nice way to be invested in the emerging up-and-comers.QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you're going to use it for.QQQ vs. QQQM vs. QQQJ Expense RatiosIf you're a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you're going to be in and out relatively quickly, it's better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won't be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077618774,"gmtCreate":1658503796298,"gmtModify":1676536169185,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077618774","repostId":"1149295629","repostType":4,"repost":{"id":"1149295629","pubTimestamp":1658478336,"share":"https://ttm.financial/m/news/1149295629?lang=&edition=fundamental","pubTime":"2022-07-22 16:25","market":"us","language":"en","title":"QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1149295629","media":"thestreet.","summary":"How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.","content":"<html><head></head><body><p>The Nasdaq was become synonymous with the tech sector, although that comparison isn&#39;t entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it&#39;s safe to say that this is one to consider if you&#39;re a risk seeker.</p><p>If you&#39;re looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the <b>Invesco QQQ ETF (QQQ)</b>, the <b>Invesco Nasdaq 100 ETF (QQQM)</b> and the <b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b>.</p><p>QQQ is the big one that everybody is familiar with. It&#39;s currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn&#39;t focused on the S&amp;P 500 or total U.S. stock market.</p><p>QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they&#39;re both the same? We&#39;ll get to that in a minute.</p><p>QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.</p><p>How should an investor decide between QQQ, QQQM and QQQJ? Let&#39;s break down each of them one by one.</p><p><b>Invesco QQQ ETF (QQQ)</b></p><p>QQQ tracks the Nasdaq 100 index. It&#39;s been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219e726ef5be4b35e0e31aae57497599\" tg-width=\"1093\" tg-height=\"554\" referrerpolicy=\"no-referrer\"/><span>Invesco QQQ ETF (QQQ) Profile</span></p><p>I won&#39;t spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it&#39;s relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.</p><p>Keep that in mind as we take a look at the next ETF on the list.</p><p><b>Invesco Nasdaq 100 ETF (QQQM)</b></p><p>QQQM also tracks the Nasdaq 100 index.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f741ce0e7dbf24ef416656d1dc5f97a\" tg-width=\"1091\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq 100 ETF (QQQM) Profile</span></p><p>If you just did a double-take reading that last sentence, yes, you&#39;re reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There&#39;s no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.</p><p>So, what&#39;s the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.</p><p>You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn&#39;t it just lower the expense ratio on QQQ? It&#39;s a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it&#39;s already the 5th largest ETF around even with the higher expense ratio?</p><p>Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.</p><p>If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.</p><p>The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.</p><p>QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/727505633b58d73a8cadf935bc750c0b\" tg-width=\"444\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Trading Spreads</span></p><p>The &#34;average spread&#34; column is the one we want to look at. The spread on QQQ is virtually nothing because it&#39;s so large. QQQM&#39;s spread, while larger, is still just 2 basis points. It&#39;s not nothing, but it&#39;s still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.</p><p>From a total cost of ownership perspective, QQQM edges out QQQ.</p><p>That doesn&#39;t mean QQQ can&#39;t still be useful. If you&#39;re trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you&#39;d be talking a huge block of shares. For most retail investors, it will be a non-issue. If you&#39;re a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.</p><p>QQQJ, however, is a whole different story.</p><p><b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b></p><p>QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abebf8cdb3f7f17d52effc3483ebdc85\" tg-width=\"1092\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq Next Gen 100 ETF (QQQJ) Profile</span></p><p>The idea behind buying QQQJ would involve the same logic for why you&#39;d be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.</p><p>History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&amp;D spending that those of the Nasdaq 100, according to Invesco research.</p><p>Obviously, there&#39;s no overlap between QQQ and QQQJ, but investors should know that they&#39;re getting substantially similar sector exposure (with one notable exception, which I&#39;ll get into in a moment). Because QQQJ is less than 2 years old, we don&#39;t have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.</p><p><b>QQQ vs. QQQJ Asset Allocation</b></p><p>Both ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.</p><p>As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09389c158258b0176e571b36630c4c5f\" tg-width=\"805\" tg-height=\"406\" referrerpolicy=\"no-referrer\"/><span>QQQ Asset Allocation</span></p><p>Those three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund&#39;s overall allocation compared to just over 6% in QQQ.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b56e3aa118cdcf7f7ef3ac5af8d6248\" tg-width=\"804\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/><span>QQQJ Asset Allocation</span></p><p>Outside of an 9% weighting to industrials, there&#39;s virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.</p><p><b>Conclusion</b></p><p>So, what are our investment choices overall?</p><p>QQQJ is obviously a different product than the other two, so we can consider that separately. It&#39;s more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it&#39;s a nice way to be invested in the emerging up-and-comers.</p><p>QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you&#39;re going to use it for.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e53d4385f3fef5f2017a97962348a9b\" tg-width=\"721\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Expense Ratios</span></p><p>If you&#39;re a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you&#39;re going to be in and out relatively quickly, it&#39;s better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.</p><p>Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won&#39;t be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.</p><p>Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs><strong>thestreet.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq ...</p>\n\n<a href=\"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","QQQM":"Invesco NASDAQ 100 ETF","QQQJ":"Invesco NASDAQ Next Gen 100 ETF"},"source_url":"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149295629","content_text":"The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it's safe to say that this is one to consider if you're a risk seeker.If you're looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the Invesco QQQ ETF (QQQ), the Invesco Nasdaq 100 ETF (QQQM) and the Invesco Nasdaq Next Gen 100 ETF (QQQJ).QQQ is the big one that everybody is familiar with. It's currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn't focused on the S&P 500 or total U.S. stock market.QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they're both the same? We'll get to that in a minute.QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.Invesco QQQ ETF (QQQ)QQQ tracks the Nasdaq 100 index. It's been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.Invesco QQQ ETF (QQQ) ProfileI won't spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it's relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.Keep that in mind as we take a look at the next ETF on the list.Invesco Nasdaq 100 ETF (QQQM)QQQM also tracks the Nasdaq 100 index.Invesco Nasdaq 100 ETF (QQQM) ProfileIf you just did a double-take reading that last sentence, yes, you're reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There's no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.So, what's the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn't it just lower the expense ratio on QQQ? It's a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it's already the 5th largest ETF around even with the higher expense ratio?Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.QQQ vs. QQQM vs. QQQJ Trading SpreadsThe \"average spread\" column is the one we want to look at. The spread on QQQ is virtually nothing because it's so large. QQQM's spread, while larger, is still just 2 basis points. It's not nothing, but it's still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.From a total cost of ownership perspective, QQQM edges out QQQ.That doesn't mean QQQ can't still be useful. If you're trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you'd be talking a huge block of shares. For most retail investors, it will be a non-issue. If you're a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.QQQJ, however, is a whole different story.Invesco Nasdaq Next Gen 100 ETF (QQQJ)QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.Invesco Nasdaq Next Gen 100 ETF (QQQJ) ProfileThe idea behind buying QQQJ would involve the same logic for why you'd be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&D spending that those of the Nasdaq 100, according to Invesco research.Obviously, there's no overlap between QQQ and QQQJ, but investors should know that they're getting substantially similar sector exposure (with one notable exception, which I'll get into in a moment). Because QQQJ is less than 2 years old, we don't have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.QQQ vs. QQQJ Asset AllocationBoth ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.QQQ Asset AllocationThose three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund's overall allocation compared to just over 6% in QQQ.QQQJ Asset AllocationOutside of an 9% weighting to industrials, there's virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.ConclusionSo, what are our investment choices overall?QQQJ is obviously a different product than the other two, so we can consider that separately. It's more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it's a nice way to be invested in the emerging up-and-comers.QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you're going to use it for.QQQ vs. QQQM vs. QQQJ Expense RatiosIf you're a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you're going to be in and out relatively quickly, it's better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won't be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9072250394,"gmtCreate":1658044098818,"gmtModify":1676536098231,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>Up up and away.","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>Up up and away.","text":"$Apple(AAPL)$Up up and away.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072250394","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076126082,"gmtCreate":1657812759446,"gmtModify":1676536065858,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a><v-v data-views=\"0\"></v-v>Waiting for a chance to in more.","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a><v-v data-views=\"0\"></v-v>Waiting for a chance to in more.","text":"$Amazon.com(AMZN)$Waiting for a chance to in more.","images":[{"img":"https://community-static.tradeup.com/news/fb1333e078db5fcde50e7e115d103937","width":"1170","height":"2085"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076126082","isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9078991625,"gmtCreate":1657608776367,"gmtModify":1676536034049,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"0\"></v-v>What goes up, have to come down.","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"0\"></v-v>What goes up, have to come down.","text":"$NIO Inc.(NIO)$What goes up, have to come down.","images":[{"img":"https://community-static.tradeup.com/news/ff4e3199c19b7de602f1b311b5a6df19","width":"1170","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078991625","isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9079268480,"gmtCreate":1657205747240,"gmtModify":1676535969248,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079268480","repostId":"2249546463","repostType":4,"repost":{"id":"2249546463","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657149693,"share":"https://ttm.financial/m/news/2249546463?lang=&edition=fundamental","pubTime":"2022-07-07 07:21","market":"us","language":"en","title":"Why a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed","url":"https://stock-news.laohu8.com/highlight/detail?id=2249546463","media":"Dow Jones","summary":"If tech can sustain outperformance that will mean the market thinks the Fed has passed 'peak hawkish","content":"<html><head></head><body><p>If tech can sustain outperformance that will mean the market thinks the Fed has passed &#39;peak hawkishness,&#39; according to Sevens Report</p><p>Growth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.</p><p>Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.</p><p>&#34;While it&#39;s too early to declare the value outperformance &#39;over,&#39; we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,&#34; said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. &#34;If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed &#39;peak hawkishness.&#39;&#34;</p><p>Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and &#34;a recession is a distinct possibility,&#34; said Tom Graff, head of investments at Facet Wealth, by phone.</p><p>The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.</p><p>The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.</p><p>That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.</p><p>Read:Fed&#39;s Waller backs another jumbo 75 bp interest-rate hike in July</p><p>But now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.</p><h2>Recession worries</h2><p>The yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.</p><p>In Graff&#39;s view, the corporate bond market also has been flashing recession concerns.</p><p>&#34;Investment-grade corporate spreads are about as wide as they&#39;ve been any time&#34; outside of a  recession in the last 25 years, said Graff. That doesn&#39;t mean there&#39;s &#34;100% odds&#34; of an economic contraction, he said, &#34;but it&#39;s definitely clearly showing credit markets think there&#39;s a risk.&#34;</p><p>Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.</p><p>&#34;U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,&#34; said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. &#34;Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.&#34;</p><p>Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.</p><p>The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&amp;P 500 dropped 20.6%.</p><p>Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they&#39;ve recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.</p><p>Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.</p><p>Upcoming company earnings reports for the second quarter should give investors a &#34;clearer picture&#34; of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.</p><p>&#34;Some amount of earnings slowdown is priced in,&#34; he said of the equities market. &#34;In our view, if earnings are mildly lower in the second half but companies see them rebounding in &#39;23, that&#39;s probably a pretty good outcome for stocks.&#34;</p><p>In prior recessions, the average earnings drop for the S&amp;P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock&#39;s chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.</p><p>&#34;We are not calling for a recession, but we are cognizant that the risks of a recession are rising,&#34; DeSpirito said in the note. &#34;The Fed is tightening monetary policy, bringing an end to &#39;easy money&#39; policies,&#34; he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to &#34;erode household savings&#34; and &#34;inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.&#34;</p><p>All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed&#39;s last policy meeting. The S&amp;P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-07 07:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>If tech can sustain outperformance that will mean the market thinks the Fed has passed &#39;peak hawkishness,&#39; according to Sevens Report</p><p>Growth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.</p><p>Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.</p><p>&#34;While it&#39;s too early to declare the value outperformance &#39;over,&#39; we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,&#34; said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. &#34;If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed &#39;peak hawkishness.&#39;&#34;</p><p>Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and &#34;a recession is a distinct possibility,&#34; said Tom Graff, head of investments at Facet Wealth, by phone.</p><p>The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.</p><p>The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.</p><p>That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.</p><p>Read:Fed&#39;s Waller backs another jumbo 75 bp interest-rate hike in July</p><p>But now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.</p><h2>Recession worries</h2><p>The yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.</p><p>In Graff&#39;s view, the corporate bond market also has been flashing recession concerns.</p><p>&#34;Investment-grade corporate spreads are about as wide as they&#39;ve been any time&#34; outside of a  recession in the last 25 years, said Graff. That doesn&#39;t mean there&#39;s &#34;100% odds&#34; of an economic contraction, he said, &#34;but it&#39;s definitely clearly showing credit markets think there&#39;s a risk.&#34;</p><p>Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.</p><p>&#34;U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,&#34; said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. &#34;Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.&#34;</p><p>Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.</p><p>The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&amp;P 500 dropped 20.6%.</p><p>Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they&#39;ve recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.</p><p>Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.</p><p>Upcoming company earnings reports for the second quarter should give investors a &#34;clearer picture&#34; of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.</p><p>&#34;Some amount of earnings slowdown is priced in,&#34; he said of the equities market. &#34;In our view, if earnings are mildly lower in the second half but companies see them rebounding in &#39;23, that&#39;s probably a pretty good outcome for stocks.&#34;</p><p>In prior recessions, the average earnings drop for the S&amp;P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock&#39;s chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.</p><p>&#34;We are not calling for a recession, but we are cognizant that the risks of a recession are rising,&#34; DeSpirito said in the note. &#34;The Fed is tightening monetary policy, bringing an end to &#39;easy money&#39; policies,&#34; he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to &#34;erode household savings&#34; and &#34;inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.&#34;</p><p>All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed&#39;s last policy meeting. The S&amp;P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249546463","content_text":"If tech can sustain outperformance that will mean the market thinks the Fed has passed 'peak hawkishness,' according to Sevens ReportGrowth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.\"While it's too early to declare the value outperformance 'over,' we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,\" said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. \"If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed 'peak hawkishness.'\"Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and \"a recession is a distinct possibility,\" said Tom Graff, head of investments at Facet Wealth, by phone.The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.Read:Fed's Waller backs another jumbo 75 bp interest-rate hike in JulyBut now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.Recession worriesThe yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.In Graff's view, the corporate bond market also has been flashing recession concerns.\"Investment-grade corporate spreads are about as wide as they've been any time\" outside of a  recession in the last 25 years, said Graff. That doesn't mean there's \"100% odds\" of an economic contraction, he said, \"but it's definitely clearly showing credit markets think there's a risk.\"Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.\"U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,\" said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. \"Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.\"Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&P 500 dropped 20.6%.Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they've recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.Upcoming company earnings reports for the second quarter should give investors a \"clearer picture\" of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.\"Some amount of earnings slowdown is priced in,\" he said of the equities market. \"In our view, if earnings are mildly lower in the second half but companies see them rebounding in '23, that's probably a pretty good outcome for stocks.\"In prior recessions, the average earnings drop for the S&P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock's chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.\"We are not calling for a recession, but we are cognizant that the risks of a recession are rising,\" DeSpirito said in the note. \"The Fed is tightening monetary policy, bringing an end to 'easy money' policies,\" he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to \"erode household savings\" and \"inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.\"All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed's last policy meeting. The S&P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079268838,"gmtCreate":1657205715524,"gmtModify":1676535969232,"author":{"id":"4103782000923400","authorId":"4103782000923400","name":"Evirobie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103782000923400","authorIdStr":"4103782000923400"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079268838","repostId":"2249459423","repostType":4,"repost":{"id":"2249459423","pubTimestamp":1657208203,"share":"https://ttm.financial/m/news/2249459423?lang=&edition=fundamental","pubTime":"2022-07-07 23:36","market":"us","language":"en","title":"Is Nvidia Really A Bargain Or Is There More Pain Ahead?","url":"https://stock-news.laohu8.com/highlight/detail?id=2249459423","media":"Seeking Alpha","summary":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by le","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.</li><li>Although this dynamic is counterintuitive to Nvidia&#39;s improving business fundamentals, there is a solid reason for it.</li><li>Unfortunately for shareholders who bought at the highs, the company&#39;s share price might not recover to its 2021 highs anytime soon.</li></ul><p>About ten months ago I took a deep dive into <a href=\"https://laohu8.com/S/NVDA\">NVIDIA&#39;s</a> share price and laid out my thesis on why investors should be less concerned about the company&#39;s business fundamentals and laser focused on its momentum exposure.</p><p>Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company&#39;s actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&amp;P 500 fell by slightly less than 15%.</p><p><img src=\"https://static.tigerbbs.com/fdb65cce970f34d2aeacdfd2b31ac71d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia&#39;s high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.</p><p><img src=\"https://static.tigerbbs.com/39e15815bfc09727371b477bf89f4a94\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/>Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.</p><p><img src=\"https://static.tigerbbs.com/89db1405a7e4c9d299b65404553554a0\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>A somehow slowing topline growth rate could be partially to blame, however, Nvidia&#39;s revenue forward growth rate is not very different now from what it was back in September of 2021.</p><p><img src=\"https://static.tigerbbs.com/603bf1b08117128bd80fd3deae02c63f\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company&#39;s share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&amp;P 500 even on a risk adjusted basis.</p><p><img src=\"https://static.tigerbbs.com/feae396374468950c5e366af1e28a850\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><h3>So what happened?</h3><p>To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company&#39;s poor performance during the past 10-month period.</p><p>I also explained how the whole process works in my thought piece called &#39;The Cloud Space In Numbers: What Matters The Most&#39;, where I did a case study based on another high-growth sector.</p><p>Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.</p><p><img src=\"https://static.tigerbbs.com/06f73d8185b657e7c3045f0fdd9e39e1\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/>Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.</p><p>One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia&#39;s GPUs also sets it apart from AMD, which is valued at much lower multiples.</p><h3>Is Nvidia stock a bargain?</h3><p>Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.</p><p><img src=\"https://static.tigerbbs.com/7856a9f7e7b2dace82df33f3ec1bfc4e\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/>Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia&#39;s products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.</p><p><img src=\"https://static.tigerbbs.com/4ed63ee078dc5e43574939faba9caa43\" tg-width=\"494\" tg-height=\"188\" referrerpolicy=\"no-referrer\"/>This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.</p><p>The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.</p><p>Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).</p><p><img src=\"https://static.tigerbbs.com/0dd24b3cbc9dfbd04a89a8c6cdb27818\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/>More importantly for Nvidia&#39;s share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).</p><p><img src=\"https://static.tigerbbs.com/e8d575869822d2149a84ac8caea4fcf5\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/>As a result, Nvidia&#39;s share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company&#39;s fundamentals remaining strong.</p><p>On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021&#39;s highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nvidia Really A Bargain Or Is There More Pain Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia Really A Bargain Or Is There More Pain Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving ...</p>\n\n<a href=\"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4521864-is-nvidia-bargain-or-is-there-pain-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249459423","content_text":"SummaryNvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.Although this dynamic is counterintuitive to Nvidia's improving business fundamentals, there is a solid reason for it.Unfortunately for shareholders who bought at the highs, the company's share price might not recover to its 2021 highs anytime soon.About ten months ago I took a deep dive into NVIDIA's share price and laid out my thesis on why investors should be less concerned about the company's business fundamentals and laser focused on its momentum exposure.Although thismight sound counterintuitive, since sooner or later fundamentals matter, Nvidia is still at the mercy of factors that have little to do with the company's actual performance. That is why, since September of last year, the company lost nearly 35% of its value, while at the same time the S&P 500 fell by slightly less than 15%.Such a large drop relative to the broader market was disappointing even when adjusting for Nvidia's high beta of 1.6. Contrary to this abysmal share price performance, however, the company continued to grow its quarterly sales numbers at a nearly 50% rate.Not only that, but both gross and operating margins continued to improve over the past few quarters since I covered the company.A somehow slowing topline growth rate could be partially to blame, however, Nvidia's revenue forward growth rate is not very different now from what it was back in September of 2021.As a matter of fact, AMD (AMD) forward revenue growth rate is much higher now than it was back then and yet the company's share price performed remarkably similar to that of Nvidia, thus also significantly underperforming the S&P 500 even on a risk adjusted basis.So what happened?To put it briefly, the risk that I highlighted in September materialized. Although I will not go into the details again in this article, I will highlight that momentum exposure of Nvidia combined with the monetary tightening (or at least the expectations of it) were the main factors for the company's poor performance during the past 10-month period.I also explained how the whole process works in my thought piece called 'The Cloud Space In Numbers: What Matters The Most', where I did a case study based on another high-growth sector.Monetary tightening has a profound impact on high duration stocks and unfortunately, Nvidia is still one of the most heavily exposed companies to rising interest rates in the semiconductor space.Even though the relationship between forward revenue growth rate and forward P/E ratios has weakened significantly since September of last year, the flattening of the slope of the trend line above was what caused the companies at the top right-hand corner to perform so poorly even as their business fundamentals improved.One of the reasons why Nvidia is still so far above the trend line above, is that in addition to its industry-leading growth rate, it also has one of the highest margins within the broader semiconductors peer group. The premium pricing of Nvidia's GPUs also sets it apart from AMD, which is valued at much lower multiples.Is Nvidia stock a bargain?Nvidia is arguably one of the highest quality semiconductor companies, with enormous growth opportunities in data centers and the automotive sector. However, it now trades at more than twice the industry average forward P/E ratio.Moreover, recent developments in the GPU market, resulted in never before seen premiums for Nvidia's products on the back of robust demand from consumers, data centers and cryptocurrency miners. All that propelled margins to levels far above its historical results and the sector median estimates.This, however, does not mean that Nvidia is suddenly a bargain, simply because a high growth and highly profitable company is trading at forward Non-GAAP P/E ratio of below 30x.The main reason why the absolute value of its forward P/E ratio could be misleading is that the semiconductor industry is highly cyclical. Therefore, during cycle peaks, P/E ratios tend to be low due to high profits and share prices reflecting the risk of slower future sales growth.Although, the recent push towards digitalization has somehow dispelled the risk of semiconductors being cyclical, the industry remains closely related to the business cycle (see below).More importantly for Nvidia's share price, however, is the fact that it still exhibits high correlation with the MTUM less VLUE index - an index that takes a long position in iShares Edge MSCI USA Momentum Factor ETF (MTUM) and a short position in iShares Edge MSCI USA Value Factor ETF (VLUE).As a result, Nvidia's share price will continue to be highly sensitive to the momentum trade and more specifically to the overall liquidity in the equity market. Having said that, should the current monetary tightening cycle continue, Nvidia will likely continue to underperform even in the case of the company's fundamentals remaining strong.On the contrary, should the Federal Reserve reverse course and embark on yet another monetary loosening journey, then Nvidia could potentially return to its 2021's highs. Although such a scenario should not be ruled out, it remains highly uncertain. Moreover, if it does not occur, then it will take many years before Nvidia returns to its all-time highs, all that provided that the company retains its industry leadership.","news_type":1},"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}